In a previous blog post called "Are Philippine Banks Under Provisioning Loan Losses? - As of December 31, 2014", we discussed the current aggregate Loan Loss Reserves (LLR) as a percentage of Total Loan Portfolio (TLP), which stood at 2.89% as of September 30, 2014, is below the historic average of 4.27% for the last thirty years. Despite NPLs being at or near historic lows, some banks still have not adequately provisioned for loan losses. Their NPL Coverage Ratios are below the ideal ratio of 100% and even below the suggested minimum of 80% NPL Coverage Ratio.
As the table below suggests, it seems that around 47 banks (highlighted in yellow) fall into this deficiency.
| Philippine Banking System | |||||
| NPL Coverage Ratio | |||||
| December 31, 2014 | |||||
| Bank | Loan Loss Provisions | Gross NPLs | NPL Coverage Ratio | ||
| BATAAN DEVELOPMENT BANK | 15,341,810.78 | 75,627,159.93 | 20.29% | ||
| PROGRESS SAVINGS AND LOAN BANK INC | 267,119.31 | 1,266,509.04 | 21.09% | ||
| PRODUCERS SAVINGS BANK CORPORATION | 61,918,197.44 | 269,904,315.20 | 22.94% | ||
| EQUICOM SAVINGS BANK INC | 91,629,348.71 | 388,602,197.37 | 23.58% | ||
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 127,680,374.65 | 515,249,846.22 | 24.78% | ||
| WEALTH DEVELOPMENT BANK CORPORATION | 54,898,634.82 | 183,529,436.71 | 29.91% | ||
| LUZON DEVELOPMENT BANK | 90,361,833.71 | 297,480,192.36 | 30.38% | ||
| LIFE SAVINGS BANK INC | 2,869,806.08 | 9,393,674.72 | 30.55% | ||
| MARITIME SAVINGS BANK CORPORATION | 6,948,645.24 | 22,442,294.91 | 30.96% | ||
| COMSAVINGS BANK | 60,017,583.39 | 191,248,204.56 | 31.38% | ||
| NORTHPOINT DEV'T BANK INC | 37,350,208.75 | 114,135,388.27 | 32.72% | ||
| CENTURY SAVINGS BANK CORPORATION | 12,091,841.55 | 35,860,740.62 | 33.72% | ||
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 39,715,300.34 | 108,578,097.44 | 36.58% | ||
| METRO CEBU PUBLIC SAVINGS BANK | 4,255,178.53 | 11,494,835.36 | 37.02% | ||
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 15,538,217.16 | 41,828,094.46 | 37.15% | ||
| PAMPANGA DEVELOPMENT BANK | 19,907,091.55 | 53,348,257.64 | 37.32% | ||
| LEMERY SAVINGS & LOAN BANK, INC. | 2,348,978.31 | 6,183,105.10 | 37.99% | ||
| DUMAGUETE CITY DEV BANK INC | 16,533,857.12 | 41,174,656.59 | 40.16% | ||
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 203,056,794.60 | 500,503,576.05 | 40.57% | ||
| PLANTERS DEVELOPMENT BANK | 1,212,405,667.46 | 2,986,078,255.90 | 40.60% | ||
| ALLIED SAVINGS BANK | 168,975,864.98 | 402,721,413.68 | 41.96% | ||
| WORLD PARTNERS BANK (A THRIFT BANK) | 53,242,755.38 | 125,221,140.33 | 42.52% | ||
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 11,972,121.22 | 26,681,234.39 | 44.87% | ||
| MALAYAN BANK SAVINGS AND MORT BANK INC | 286,463,527.92 | 637,584,938.74 | 44.93% | ||
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 1,032,340.52 | 2,228,732.89 | 46.32% | ||
| BUSINESS AND CONSUMERS BANK (A DB) | 6,859,774.42 | 13,926,629.29 | 49.26% | ||
| HIYAS BANKING CORPORATION | 6,830,066.93 | 13,458,793.88 | 50.75% | ||
| LEGAZPI SAVINGS BANK INC | 206,619,678.02 | 396,005,098.56 | 52.18% | ||
| EAST WEST BANKING CORP | 2,944,689,553.25 | 5,576,281,317.76 | 52.81% | ||
| CHINA BANK SAVINGS INC | 362,248,562.05 | 662,261,289.23 | 54.70% | ||
| FARMERS SAVINGS & LOAN BANK INC | 32,919,575.93 | 59,842,676.39 | 55.01% | ||
| ENTERPRISE BANK INC (A THRIFT BANK) | 55,072,039.56 | 96,877,675.31 | 56.85% | ||
| TOWER DEVELOPMENT BANK | 7,312,637.60 | 12,823,403.45 | 57.03% | ||
| RCBC SAVINGS BANK INC | 1,376,509,048.17 | 2,347,905,349.52 | 58.63% | ||
| STANDARD CHARTERED BANK | 1,534,066,308.19 | 2,547,665,279.70 | 60.21% | ||
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 69,165,386.71 | 114,286,992.86 | 60.52% | ||
| VILLAGE BANK INC (A THRIFT BANK) | 17,342,200.42 | 28,089,103.74 | 61.74% | ||
| BANK ONE SAVINGS AND TRUST CORP. | 9,533,602.53 | 15,304,127.53 | 62.29% | ||
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 596,310,036.74 | 929,883,309.51 | 64.13% | ||
| MAYBANK PHILIPPINES INC | 1,001,628,354.26 | 1,482,039,353.94 | 67.58% | ||
| MALASIQUI PROGRESSIVE SLB, INC | 7,184,596.38 | 10,389,393.25 | 69.15% | ||
| PHILIPPINE VETERANS BANK | 1,200,012,082.32 | 1,643,267,349.87 | 73.03% | ||
| PHIL STAR DEVELOPMENT BANK INC | 6,090,315.48 | 8,288,381.02 | 73.48% | ||
| CORDILLERA SAVINGS BANK INC | 13,015,675.60 | 17,383,076.12 | 74.88% | ||
| TONGYANG SAVINGS BANK INC | 90,466,304.19 | 119,770,252.32 | 75.53% | ||
| PHIL POSTAL SAVINGS BANK INC | 409,586,108.76 | 527,067,640.97 | 77.71% | ||
| UNITED COCONUT PLANTERS BANK | 4,290,002,781.31 | 5,416,218,477.28 | 79.21% | ||
| SAMPAGUITA SAVINGS BANK INC | 20,096,752.57 | 24,560,366.62 | 81.83% | ||
| HONGKONG & SHANGHAI BANKING CORP | 1,178,493,572.50 | 1,326,767,656.33 | 88.82% | ||
| ROBINSONS BANK CORPORATION | 488,320,882.83 | 544,355,086.03 | 89.71% | ||
| THE PALAWAN BANK (PALAWAN DB) INC | 13,206,174.07 | 14,496,773.68 | 91.10% | ||
| BATAAN SAVINGS AND LOAN BANK | 2,137,583.98 | 2,344,022.09 | 91.19% | ||
| SECURITY BANK SAVINGS CORPORATION | 612,197,462.49 | 650,408,422.57 | 94.13% | ||
| PHIL BANK OF COMMUNICATIONS | 1,504,491,639.83 | 1,586,752,249.52 | 94.82% | ||
| INTER-ASIA DEVELOPMENT BANK | 8,216,032.93 | 8,624,018.49 | 95.27% | ||
| BPI FAMILY SAVINGS BANK INC | 4,783,096,518.39 | 4,890,790,457.85 | 97.80% | ||
| SUN SAVINGS BANK INC | 9,109,187.13 | 9,255,437.42 | 98.42% | ||
| PHIL NATIONAL BANK | 9,839,909,922.65 | 9,920,812,722.51 | 99.18% | ||
| UNITED OVERSEAS BANK PHILIPPINES | 671,692,961.21 | 665,442,006.65 | 100.94% | ||
| BANK OF COMMERCE | 2,622,302,225.67 | 2,574,468,973.68 | 101.86% | ||
| DEVELOPMENT BANK OF THE PHIL | 5,672,745,470.58 | 5,514,108,975.79 | 102.88% | ||
| FIRST CONSOLIDATED BANK INC (A PDB) | 481,754,837.43 | 464,360,958.42 | 103.75% | ||
| UNION BANK OF THE PHILS | 10,412,149,703.77 | 9,906,489,975.31 | 105.10% | ||
| PHIL SAVINGS BANK | 4,276,148,801.03 | 3,865,493,882.61 | 110.62% | ||
| CTBC BANK (PHILIPPINES) CORP | 499,863,665.09 | 446,996,685.64 | 111.83% | ||
| UCPB SAVINGS BANK | 543,688,861.58 | 472,269,678.32 | 115.12% | ||
| CITY SAVINGS BANK INC | 616,551,304.08 | 531,068,678.18 | 116.10% | ||
| BPI DIRECT SAVINGS BANK INC | 194,582,755.73 | 160,442,838.35 | 121.28% | ||
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 796,201,501.15 | 621,409,966.16 | 128.13% | ||
| HSBC SAVINGS BANK(PHILS) INC | 100,579,268.60 | 78,330,181.73 | 128.40% | ||
| RIZAL COMM'L BANKING CORP | 3,215,344,729.82 | 2,139,606,438.85 | 150.28% | ||
| UNIVERSITY SAVINGS BANK INC | 41,976,227.15 | 26,945,351.73 | 155.78% | ||
| MERCHANTS SAVINGS & LOAN ASSN INC | 11,933,041.66 | 7,516,719.70 | 158.75% | ||
| CARD SME BANK INC A THRIFT BANK | 44,678,264.68 | 28,119,896.47 | 158.88% | ||
| BANK OF THE PHIL ISLANDS | 11,801,147,524.30 | 7,351,999,296.85 | 160.52% | ||
| CHINA BANKING CORP | 6,409,595,139.93 | 3,956,317,691.92 | 162.01% | ||
| LAND BANK OF THE PHILIPPINES | 11,203,554,486.04 | 6,821,304,507.20 | 164.24% | ||
| BDO UNIBANK INC | 28,439,800,701.92 | 15,898,690,558.16 | 178.88% | ||
| PHIL TRUST COMPANY | 2,119,910,478.40 | 1,114,639,478.98 | 190.19% | ||
| OPTIMUM DEVELOPMENT BANK INC | 44,568,839.06 | 19,293,633.32 | 231.00% | ||
| CITIBANK, N.A. | 7,302,288,121.21 | 3,126,649,482.40 | 233.55% | ||
| ASIA UNITED BANK CORPORATION | 1,138,484,886.24 | 460,714,804.30 | 247.11% | ||
| SECURITY BANK CORP | 3,054,366,578.88 | 1,180,934,434.60 | 258.64% | ||
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 3,027,620.26 | 1,092,048.97 | 277.24% | ||
| KOREA EXCHANGE BANK | 79,258,496.14 | 23,550,179.88 | 336.55% | ||
| METROPOLITAN BANK & TCO | 12,459,721,530.10 | 2,456,299,278.71 | 507.26% | ||
| ANZ BANKING GROUP LTD | 263,070,311.88 | 23,339,114.85 | 1127.16% | ||
| BANK OF CHINA LIMITED-MANILA BRANCH | 150,776,464.14 | 8,660,895.91 | 1740.89% | ||
| JP MORGAN CHASE BANK NATIONAL ASSN. | 20,244,171.20 | 734,885.22 | 2754.74% | ||
| BANGKOK BANK PUBLIC CO LTD | 205,284,240.00 | 4,714,155.55 | 4354.63% | ||
| INTERNATIONALE NEDERLANDEN GROEP BK | 91,996,988.69 | 91.44 | 100609130.24% | ||
| BANK OF AMERICA N.A. | 20,400,004.00 | 4.00 | 510000100.00% | ||
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | NA | ||
| BDO PRIVATE BANK, INC. | 90,615,538.02 | 0.00 | NA | ||
| DEUTSCHE BANK AG | 334,749,868.16 | 0.00 | NA | ||
| ISLA BANK(A THRIFT BANK) INC | 4,290,580.33 | 0.00 | NA | ||
| MEGA INT'L COMM'L BANK CO LTD | 219,759,517.92 | 0.00 | NA | ||
| MIZUHO BANK LTD - MANILA BRANCH | 361,976,397.94 | 0.00 | NA | ||
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 367,710,030.46 | 0.00 | NA | ||
| Grand Total | 150,309,253,719.33 | 118,018,574,232.94 | 127.36% | ||
Source: www.bsp.gov.ph
Raising the NPL Coverage Ratio to a minimum of 80% will entail additional loan loss provisions for some banks that could eat into a substantial chunk (20% or more) of their Stockholder's Equity. Based on the table below, around 12 banks will be severely affected:
| Philippine Banking System | ||||||||
| Impact on SE of Minimum Loan Loss Provisions | ||||||||
| December 31, 2014 | ||||||||
| Bank | Gross NPLs | Minimum Loan Loss Provisions at 80% NPL Coverage Ratio | Actual Loan Loss Provisions | Excess/Deficit Loan Loss Provisions | Stockholder's Equity | Impact on SE | ||
| COMSAVINGS BANK | 191,248,204.56 | 152,998,563.65 | 60,017,583.39 | -92,980,980.26 | 51,557,430.04 | -180.34% | ||
| OPPORTUNITY KAUSWAGAN BANK INC (A MICROFINANCE THRIFT BANK) | 108,578,097.44 | 86,862,477.95 | 39,715,300.34 | -47,147,177.61 | 55,948,645.14 | -84.27% | ||
| BATAAN DEVELOPMENT BANK | 75,627,159.93 | 60,501,727.94 | 15,341,810.78 | -45,159,917.16 | 71,576,468.39 | -63.09% | ||
| WORLD PARTNERS BANK (A THRIFT BANK) | 125,221,140.33 | 100,176,912.26 | 53,242,755.38 | -46,934,156.88 | 80,643,986.91 | -58.20% | ||
| PLANTERS DEVELOPMENT BANK | 2,986,078,255.90 | 2,388,862,604.72 | 1,212,405,667.46 | -1,176,456,937.26 | 2,187,804,734.29 | -53.77% | ||
| LEGAZPI SAVINGS BANK INC | 396,005,098.56 | 316,804,078.85 | 206,619,678.02 | -110,184,400.83 | 304,192,760.13 | -36.22% | ||
| EQUICOM SAVINGS BANK INC | 388,602,197.37 | 310,881,757.90 | 91,629,348.71 | -219,252,409.19 | 667,176,129.84 | -32.86% | ||
| NORTHPOINT DEV'T BANK INC | 114,135,388.27 | 91,308,310.62 | 37,350,208.75 | -53,958,101.87 | 188,592,014.32 | -28.61% | ||
| LUZON DEVELOPMENT BANK | 297,480,192.36 | 237,984,153.89 | 90,361,833.71 | -147,622,320.18 | 523,936,166.23 | -28.18% | ||
| 1ST VALLEY BANK INC A DEVELOPMENT BANK | 515,249,846.22 | 412,199,876.98 | 127,680,374.65 | -284,519,502.33 | 1,220,634,654.64 | -23.31% | ||
| MALAYAN BANK SAVINGS AND MORT BANK INC | 637,584,938.74 | 510,067,950.99 | 286,463,527.92 | -223,604,423.07 | 969,251,350.17 | -23.07% | ||
| WEALTH DEVELOPMENT BANK CORPORATION | 183,529,436.71 | 146,823,549.37 | 54,898,634.82 | -91,924,914.55 | 413,815,470.23 | -22.21% | ||
| PAMPANGA DEVELOPMENT BANK | 53,348,257.64 | 42,678,606.11 | 19,907,091.55 | -22,771,514.56 | 123,946,940.03 | -18.37% | ||
| MARITIME SAVINGS BANK CORPORATION | 22,442,294.91 | 17,953,835.93 | 6,948,645.24 | -11,005,190.69 | 63,570,191.70 | -17.31% | ||
| FARMERS SAVINGS & LOAN BANK INC | 59,842,676.39 | 47,874,141.11 | 32,919,575.93 | -14,954,565.18 | 107,747,607.25 | -13.88% | ||
| PRODUCERS SAVINGS BANK CORPORATION | 269,904,315.20 | 215,923,452.16 | 61,918,197.44 | -154,005,254.72 | 1,294,255,217.82 | -11.90% | ||
| PHILIPPINE RESOURCES SAVINGS BANKING CORPORATION (PR SAVINGS | 500,503,576.05 | 400,402,860.84 | 203,056,794.60 | -197,346,066.24 | 1,938,330,419.80 | -10.18% | ||
| DUNGGANON BANK (A MICROFINANCE THRIFT BANK) INC | 26,681,234.39 | 21,344,987.51 | 11,972,121.22 | -9,372,866.29 | 93,527,563.09 | -10.02% | ||
| ENTERPRISE BANK INC (A THRIFT BANK) | 96,877,675.31 | 77,502,140.25 | 55,072,039.56 | -22,430,100.69 | 241,377,373.20 | -9.29% | ||
| STANDARD CHARTERED BANK | 2,547,665,279.70 | 2,038,132,223.76 | 1,534,066,308.19 | -504,065,915.57 | 6,135,671,499.22 | -8.22% | ||
| METRO CEBU PUBLIC SAVINGS BANK | 11,494,835.36 | 9,195,868.29 | 4,255,178.53 | -4,940,689.76 | 62,954,893.13 | -7.85% | ||
| PENBANK INC (A PDB) (FORMERLY: PENINSULA RB INC) | 114,286,992.86 | 91,429,594.29 | 69,165,386.71 | -22,264,207.58 | 288,584,995.92 | -7.71% | ||
| EAST WEST BANKING CORP | 5,576,281,317.76 | 4,461,025,054.21 | 2,944,689,553.25 | -1,516,335,500.96 | 20,745,696,557.09 | -7.31% | ||
| DUMAGUETE CITY DEV BANK INC | 41,174,656.59 | 32,939,725.27 | 16,533,857.12 | -16,405,868.15 | 232,313,049.70 | -7.06% | ||
| STERLING BANK OF ASIA INC (A SAVINGS BANK) | 929,883,309.51 | 743,906,647.61 | 596,310,036.74 | -147,596,610.87 | 2,117,064,844.85 | -6.97% | ||
| VILLAGE BANK INC (A THRIFT BANK) | 28,089,103.74 | 22,471,282.99 | 17,342,200.42 | -5,129,082.57 | 74,568,904.10 | -6.88% | ||
| LIFE SAVINGS BANK INC | 9,393,674.72 | 7,514,939.78 | 2,869,806.08 | -4,645,133.70 | 71,318,816.97 | -6.51% | ||
| CHINA BANK SAVINGS INC | 662,261,289.23 | 529,809,031.38 | 362,248,562.05 | -167,560,469.33 | 2,636,463,097.36 | -6.36% | ||
| RCBC SAVINGS BANK INC | 2,347,905,349.52 | 1,878,324,279.62 | 1,376,509,048.17 | -501,815,231.45 | 8,169,102,935.60 | -6.14% | ||
| BUSINESS AND CONSUMERS BANK (A DB) | 13,926,629.29 | 11,141,303.43 | 6,859,774.42 | -4,281,529.01 | 84,786,025.62 | -5.05% | ||
| LEMERY SAVINGS & LOAN BANK, INC. | 6,183,105.10 | 4,946,484.08 | 2,348,978.31 | -2,597,505.77 | 75,527,595.02 | -3.44% | ||
| QUEEN CITY DEVELOPMENT BANK INC OR QUEENBANK A THRIFT BANK | 41,828,094.46 | 33,462,475.57 | 15,538,217.16 | -17,924,258.41 | 665,066,001.89 | -2.70% | ||
| TOWER DEVELOPMENT BANK | 12,823,403.45 | 10,258,722.76 | 7,312,637.60 | -2,946,085.16 | 119,813,934.58 | -2.46% | ||
| HIYAS BANKING CORPORATION | 13,458,793.88 | 10,767,035.10 | 6,830,066.93 | -3,936,968.17 | 163,812,636.61 | -2.40% | ||
| MALASIQUI PROGRESSIVE SLB, INC | 10,389,393.25 | 8,311,514.60 | 7,184,596.38 | -1,126,918.22 | 53,734,817.35 | -2.10% | ||
| PHILIPPINE VETERANS BANK | 1,643,267,349.87 | 1,314,613,879.90 | 1,200,012,082.32 | -114,601,797.58 | 5,957,168,770.43 | -1.92% | ||
| CENTURY SAVINGS BANK CORPORATION | 35,860,740.62 | 28,688,592.50 | 12,091,841.55 | -16,596,750.95 | 926,046,140.29 | -1.79% | ||
| MAYBANK PHILIPPINES INC | 1,482,039,353.94 | 1,185,631,483.15 | 1,001,628,354.26 | -184,003,128.89 | 10,427,672,613.35 | -1.76% | ||
| TONGYANG SAVINGS BANK INC | 119,770,252.32 | 95,816,201.86 | 90,466,304.19 | -5,349,897.67 | 380,519,964.95 | -1.41% | ||
| ALLIED SAVINGS BANK | 402,721,413.68 | 322,177,130.94 | 168,975,864.98 | -153,201,265.96 | 11,051,756,508.35 | -1.39% | ||
| QUEZON COCONUT BANK INC (A THRIFT BANK) | 2,228,732.89 | 1,782,986.31 | 1,032,340.52 | -750,645.79 | 60,384,885.53 | -1.24% | ||
| PHIL POSTAL SAVINGS BANK INC | 527,067,640.97 | 421,654,112.78 | 409,586,108.76 | -12,068,004.02 | 975,558,653.14 | -1.24% | ||
| PROGRESS SAVINGS AND LOAN BANK INC | 1,266,509.04 | 1,013,207.23 | 267,119.31 | -746,087.92 | 83,525,324.63 | -0.89% | ||
| CORDILLERA SAVINGS BANK INC | 17,383,076.12 | 13,906,460.90 | 13,015,675.60 | -890,785.30 | 116,139,748.78 | -0.77% | ||
| PHIL STAR DEVELOPMENT BANK INC | 8,288,381.02 | 6,630,704.82 | 6,090,315.48 | -540,389.34 | 75,863,517.57 | -0.71% | ||
| BANK ONE SAVINGS AND TRUST CORP. | 15,304,127.53 | 12,243,302.02 | 9,533,602.53 | -2,709,699.49 | 559,078,408.27 | -0.48% | ||
| UNITED COCONUT PLANTERS BANK | 5,416,218,477.28 | 4,332,974,781.82 | 4,290,002,781.31 | -42,972,000.51 | 19,085,612,213.74 | -0.23% | ||
| BDO ELITE SAVINGS BANK INC | 0.00 | 0.00 | 0.00 | 0.00 | 801,631,814.12 | 0.00% | ||
| BATAAN SAVINGS AND LOAN BANK | 2,344,022.09 | 1,875,217.67 | 2,137,583.98 | 262,366.31 | 62,701,719.89 | 0.42% | ||
| AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILS | 1,092,048.97 | 873,639.18 | 3,027,620.26 | 2,153,981.08 | 373,732,861.42 | 0.58% | ||
| ISLA BANK(A THRIFT BANK) INC | 0.00 | 0.00 | 4,290,580.33 | 4,290,580.33 | 657,505,825.66 | 0.65% | ||
| INTERNATIONALE NEDERLANDEN GROEP BK | 91.44 | 73.15 | 91,996,988.69 | 91,996,915.54 | 11,960,468,678.96 | 0.77% | ||
| SAMPAGUITA SAVINGS BANK INC | 24,560,366.62 | 19,648,293.30 | 20,096,752.57 | 448,459.27 | 55,352,039.07 | 0.81% | ||
| HONGKONG & SHANGHAI BANKING CORP | 1,326,767,656.33 | 1,061,414,125.06 | 1,178,493,572.50 | 117,079,447.44 | 14,233,431,377.81 | 0.82% | ||
| ROBINSONS BANK CORPORATION | 544,355,086.03 | 435,484,068.82 | 488,320,882.83 | 52,836,814.01 | 5,621,867,397.15 | 0.94% | ||
| BANK OF AMERICA N.A. | 4.00 | 3.20 | 20,400,004.00 | 20,400,000.80 | 2,096,061,205.20 | 0.97% | ||
| JP MORGAN CHASE BANK NATIONAL ASSN. | 734,885.22 | 587,908.18 | 20,244,171.20 | 19,656,263.02 | 1,481,859,799.42 | 1.33% | ||
| MERCHANTS SAVINGS & LOAN ASSN INC | 7,516,719.70 | 6,013,375.76 | 11,933,041.66 | 5,919,665.90 | 432,072,361.75 | 1.37% | ||
| BDO PRIVATE BANK, INC. | 0.00 | 0.00 | 90,615,538.02 | 90,615,538.02 | 5,788,757,390.89 | 1.57% | ||
| SUN SAVINGS BANK INC | 9,255,437.42 | 7,404,349.94 | 9,109,187.13 | 1,704,837.19 | 103,480,637.71 | 1.65% | ||
| HSBC SAVINGS BANK(PHILS) INC | 78,330,181.73 | 62,664,145.38 | 100,579,268.60 | 37,915,123.22 | 2,153,204,490.35 | 1.76% | ||
| PHIL NATIONAL BANK | 9,920,812,722.51 | 7,936,650,178.01 | 9,839,909,922.65 | 1,903,259,744.64 | 91,074,332,529.79 | 2.09% | ||
| CTBC BANK (PHILIPPINES) CORP | 446,996,685.64 | 357,597,348.51 | 499,863,665.09 | 142,266,316.58 | 6,517,843,338.80 | 2.18% | ||
| INTER-ASIA DEVELOPMENT BANK | 8,624,018.49 | 6,899,214.79 | 8,216,032.93 | 1,316,818.14 | 53,229,095.13 | 2.47% | ||
| RIZAL COMM'L BANKING CORP | 2,139,606,438.85 | 1,711,685,151.08 | 3,215,344,729.82 | 1,503,659,578.74 | 52,906,032,378.78 | 2.84% | ||
| PHIL BANK OF COMMUNICATIONS | 1,586,752,249.52 | 1,269,401,799.62 | 1,504,491,639.83 | 235,089,840.21 | 8,229,622,845.02 | 2.86% | ||
| DEVELOPMENT BANK OF THE PHIL | 5,514,108,975.79 | 4,411,287,180.63 | 5,672,745,470.58 | 1,261,458,289.95 | 42,653,844,817.96 | 2.96% | ||
| CITY SAVINGS BANK INC | 531,068,678.18 | 424,854,942.54 | 616,551,304.08 | 191,696,361.54 | 5,971,597,899.22 | 3.21% | ||
| BANK OF COMMERCE | 2,574,468,973.68 | 2,059,575,178.94 | 2,622,302,225.67 | 562,727,046.73 | 15,588,633,047.75 | 3.61% | ||
| PHILIPPINE BUSINESS BANK INC A SAVINGS BANK | 621,409,966.16 | 497,127,972.93 | 796,201,501.15 | 299,073,528.22 | 8,128,989,824.54 | 3.68% | ||
| ASIA UNITED BANK CORPORATION | 460,714,804.30 | 368,571,843.44 | 1,138,484,886.24 | 769,913,042.80 | 20,067,313,151.29 | 3.84% | ||
| FIRST CONSOLIDATED BANK INC (A PDB) | 464,360,958.42 | 371,488,766.74 | 481,754,837.43 | 110,266,070.69 | 2,863,758,672.50 | 3.85% | ||
| OPTIMUM DEVELOPMENT BANK INC | 19,293,633.32 | 15,434,906.66 | 44,568,839.06 | 29,133,932.40 | 742,754,108.09 | 3.92% | ||
| BPI FAMILY SAVINGS BANK INC | 4,890,790,457.85 | 3,912,632,366.28 | 4,783,096,518.39 | 870,464,152.11 | 21,878,039,272.60 | 3.98% | ||
| BANK OF THE PHIL ISLANDS | 7,351,999,296.85 | 5,881,599,437.48 | 11,801,147,524.30 | 5,919,548,086.82 | 138,558,330,200.82 | 4.27% | ||
| SECURITY BANK CORP | 1,180,934,434.60 | 944,747,547.68 | 3,054,366,578.88 | 2,109,619,031.20 | 46,752,054,373.79 | 4.51% | ||
| KOREA EXCHANGE BANK | 23,550,179.88 | 18,840,143.90 | 79,258,496.14 | 60,418,352.24 | 1,309,725,034.11 | 4.61% | ||
| UNION BANK OF THE PHILS | 9,906,489,975.31 | 7,925,191,980.25 | 10,412,149,703.77 | 2,486,957,723.52 | 51,917,273,142.12 | 4.79% | ||
| THE PALAWAN BANK (PALAWAN DB) INC | 14,496,773.68 | 11,597,418.94 | 13,206,174.07 | 1,608,755.13 | 32,294,845.89 | 4.98% | ||
| UNIVERSITY SAVINGS BANK INC | 26,945,351.73 | 21,556,281.38 | 41,976,227.15 | 20,419,945.77 | 396,019,827.49 | 5.16% | ||
| BPI DIRECT SAVINGS BANK INC | 160,442,838.35 | 128,354,270.68 | 194,582,755.73 | 66,228,485.05 | 1,257,488,906.14 | 5.27% | ||
| PHIL TRUST COMPANY | 1,114,639,478.98 | 891,711,583.18 | 2,119,910,478.40 | 1,228,198,895.22 | 23,149,137,314.30 | 5.31% | ||
| BANK OF CHINA LIMITED-MANILA BRANCH | 8,660,895.91 | 6,928,716.73 | 150,776,464.14 | 143,847,747.41 | 2,694,837,350.55 | 5.34% | ||
| ANZ BANKING GROUP LTD | 23,339,114.85 | 18,671,291.88 | 263,070,311.88 | 244,399,020.00 | 4,329,270,268.11 | 5.65% | ||
| CARD SME BANK INC A THRIFT BANK | 28,119,896.47 | 22,495,917.18 | 44,678,264.68 | 22,182,347.50 | 380,897,597.73 | 5.82% | ||
| CHINA BANKING CORP | 3,956,317,691.92 | 3,165,054,153.54 | 6,409,595,139.93 | 3,244,540,986.39 | 52,562,931,995.96 | 6.17% | ||
| BANGKOK BANK PUBLIC CO LTD | 4,714,155.55 | 3,771,324.44 | 205,284,240.00 | 201,512,915.56 | 3,117,972,365.47 | 6.46% | ||
| PHIL SAVINGS BANK | 3,865,493,882.61 | 3,092,395,106.09 | 4,276,148,801.03 | 1,183,753,694.94 | 16,681,173,735.63 | 7.10% | ||
| METROPOLITAN BANK & TCO | 2,456,299,278.71 | 1,965,039,422.97 | 12,459,721,530.10 | 10,494,682,107.13 | 143,782,847,507.06 | 7.30% | ||
| THE BNK OF TOKYO-MITSUBISHI UFJ LTD | 0.00 | 0.00 | 367,710,030.46 | 367,710,030.46 | 4,817,817,299.22 | 7.63% | ||
| LAND BANK OF THE PHILIPPINES | 6,821,304,507.20 | 5,457,043,605.76 | 11,203,554,486.04 | 5,746,510,880.28 | 75,234,783,027.35 | 7.64% | ||
| UCPB SAVINGS BANK | 472,269,678.32 | 377,815,742.66 | 543,688,861.58 | 165,873,118.92 | 1,989,871,530.52 | 8.34% | ||
| SECURITY BANK SAVINGS CORPORATION | 650,408,422.57 | 520,326,738.06 | 612,197,462.49 | 91,870,724.43 | 1,074,321,783.93 | 8.55% | ||
| BDO UNIBANK INC | 15,898,690,558.16 | 12,718,952,446.53 | 28,439,800,701.92 | 15,720,848,255.39 | 179,059,857,129.42 | 8.78% | ||
| UNITED OVERSEAS BANK PHILIPPINES | 665,442,006.65 | 532,353,605.32 | 671,692,961.21 | 139,339,355.89 | 1,289,507,257.01 | 10.81% | ||
| MEGA INT'L COMM'L BANK CO LTD | 0.00 | 0.00 | 219,759,517.92 | 219,759,517.92 | 2,033,655,487.53 | 10.81% | ||
| DEUTSCHE BANK AG | 0.00 | 0.00 | 334,749,868.16 | 334,749,868.16 | 2,819,574,200.68 | 11.87% | ||
| MIZUHO BANK LTD - MANILA BRANCH | 0.00 | 0.00 | 361,976,397.94 | 361,976,397.94 | 2,780,650,478.67 | 13.02% | ||
| CITIBANK, N.A. | 3,126,649,482.40 | 2,501,319,585.92 | 7,302,288,121.21 | 4,800,968,535.29 | 13,410,800,271.40 | 35.80% | ||
| Grand Total | 118,018,574,232.94 | 94,414,859,386.35 | 151,688,355,652.16 | 57,273,496,265.81 | 1,195,924,903,989.03 | 4.79% | ||
Source: www.bsp.gov.ph
Out of the 12 banks highlighted in yellow, 6 banks have been regularly listed as one of the"The Top Distressed Philippine Banks as of December 31, 2014".
Comsavings Bank needs to recapitalize the bank by more than 100% if it were to increase its loan loss provisions to meet a minimum NPL Coverage Ratio of 80%.
Planters Development Bank faces a shortfall of 53.77% of its stated stockholders equity of Php 2.187 billion if it were to increase its loan loss provisions to meet a minimum NPL Coverage Ratio of 80%. Planters nearly failed in the last half of 2013 but was rescued when it was acquired by China Banking Corporation, a much healthier bank, for Php 1.863 billion last September 18, 2013. This represents a 40% discount to Planters stated book value of Php 3.133 billion as of September 30, 2013 or a 41% premium to their actual book value of Php 1.323 billion (after subtracting for unbooked losses/deferred charges). For more information regarding this, please read a previous blog post: "The Near Death Experience of Planters Development Bank".
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